Price discovery in focus for SK Hynix’s IG debut

Investors chased South Korean semiconductor manufacturer SK Hynix’s $500m bonds both in the primary and secondary markets, even though the borrower pulled off one of the largest price reductions on a deal from the country.

By Addison Gong

11 Sep 2019

Bookrunners BNP Paribas, Citi and Credit Suisse started bookbuilding for SK Hynix’s five year bond from the 190bp over US Treasuries area on Tuesday morning in Asia. There was momentum in the book from early on, and orders quickly exceeded $1bn around 10am Hong Kong time.

In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.

GlobalCapital is conducting a global research survey on the fast-changing markets for sustainable financing and investing. It will combine the views of issuers and investors to give a nuanced picture of how this trend is changing capital markets for both groups.